---
type: "datatype"
title: "MonetaryComponent"
datatype: "MonetaryComponent"
---
# MonetaryComponent

- [Datatypes](/datatypes)
- [Definitions](/datatypes-definitions#MonetaryComponent)
- [Examples](/datatypes-examples#MonetaryComponent)
- [Mappings](/datatypes-mappings#MonetaryComponent)
- [Profiles](/datatypes-profiles#MonetaryComponent)

## Elements

- **[MonetaryComponent.type](/datatypes-definitions#MonetaryComponent.type)** [1..1]: [code](/code) The type of monetary component, what the value is to be used for and how that should be applied in its context. e.g. A surchange would increase the cost, a deduction would reduce the cost.
- **[MonetaryComponent.code](/datatypes-definitions#MonetaryComponent.code)** [0..1]: [CodeableConcept](/CodeableConcept) A codable breakdown of the type of monetary component. e.g. State Tax, Federal Tax, VIP-Discount
- **[MonetaryComponent.factor](/datatypes-definitions#MonetaryComponent.factor)** [0..1]: [decimal](/decimal) The factor that has been applied to the base price (in another monetary component value) when performing calculations.
- **[MonetaryComponent.amount](/datatypes-definitions#MonetaryComponent.amount)** [0..1]: [Money](/Money) The explicit value amount of the component (based on type/code).

## Bindings

- **MonetaryComponent.type**: `PriceComponentType` | strength: value set | reference: valueset-price-component-type
- **MonetaryComponent.code**: `PriceComponentCode`

## Requirements

- **MonetaryComponent.code**: Some monetary component types can be further classified and need to be differentiated